Gold Fields (NYSE:GFI) Downgraded to Buy Rating by Wall Street Zen

Gold Fields (NYSE:GFI) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

GFI has been the subject of several other reports. Investec cut shares of Gold Fields from a “buy” rating to a “hold” rating in a research note on Friday, October 10th. Morgan Stanley lowered Gold Fields from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 23rd. Scotiabank lifted their target price on Gold Fields from $47.00 to $61.00 and gave the stock a “sector perform” rating in a report on Monday. HSBC reiterated a “hold” rating on shares of Gold Fields in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada cut their price target on Gold Fields to $45.00 and set an “outperform” rating for the company in a report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.00.

Gold Fields Stock Down 14.6%

Shares of GFI opened at $50.08 on Friday. Gold Fields has a 1 year low of $16.91 and a 1 year high of $61.64. The company has a 50 day simple moving average of $46.49 and a two-hundred day simple moving average of $39.38.

Institutional Trading of Gold Fields

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its position in shares of Gold Fields by 47.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 853 shares of the company’s stock worth $36,000 after buying an additional 273 shares in the last quarter. Archer Investment Corp bought a new stake in shares of Gold Fields in the third quarter valued at about $42,000. Cary Street Partners Investment Advisory LLC purchased a new stake in Gold Fields in the third quarter worth about $45,000. Bayforest Capital Ltd lifted its stake in Gold Fields by 1,106.7% in the fourth quarter. Bayforest Capital Ltd now owns 1,086 shares of the company’s stock worth $47,000 after acquiring an additional 996 shares during the period. Finally, Country Trust Bank bought a new position in Gold Fields during the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 24.81% of the company’s stock.

About Gold Fields

Gold Fields (NYSE: GFI) is a Johannesburg‑based gold mining company that operates as an international producer of gold. Listed on multiple exchanges and traded in the United States via American Depositary Receipts under the ticker GFI, the company focuses on the exploration, development, extraction and processing of gold-bearing ore and the sale of refined gold products. Its operations span several regions, serving global bullion markets and supplying gold for both investment and industrial uses.

The company’s core activities include mine development and underground and open‑pit mining, ore treatment and refining, and ongoing exploration to replace reserves.